How much do homeowners pay a month in Watford City, ND?
Homeowners with a mortgage in Watford City, ND pay a median of $2,369 (±$332) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $499 (±$203).
67.8% of owned homes carry a mortgage.
In Watford City, the median monthly cost with a mortgage went from $1,505 in 2015–2019 to $2,369 in 2020–2024 (+57.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- With a mortgage
- $2,369 (±$332)
- Without a mortgage
- $499 (±$203)
- Owned with a mortgage
- 67.8%
Monthly owner costs in Watford City
| Watford City | McKenzie County | North Dakota | United States | |
|---|---|---|---|---|
| With a mortgage | $2,369 (±$332) | $2,274 (±$214) | $1,762 (±$22) | $1,963 |
| Without a mortgage | $499 (±$203) | $495 (±$65) | $590 (±$7) | $638 |
| Owned homes with a mortgage | 67.8% (±13.1 points) | 49.6% (±6.5 points) | 52.3% (±0.7 points) | 60.6% |
| Median real estate taxes (a year) | $2,319 (±$301) | $1,491 (±$355) | $2,468 (±$38) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Watford City, the median cost with a mortgage is not measurably different from McKenzie County ($2,274).
It is also higher than in North Dakota ($1,762).
It is higher than the national figure ($1,963).
In McKenzie County, Watford City ranks 2 of 5 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 49 of 454.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Watford City have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,505 (±$277) | $2,369 (±$332) | +57.4% | Up after inflation |
| Median real estate taxes | $1,373 (±$98) | $2,319 (±$301) | +68.9% | Up after inflation |
| Median home value | $236,400 (±$32,920) | $408,500 (±$40,969) | +72.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Watford City
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Watford City | — | $2,369 (±$332) | — |
| Arnegard | 8.2 mi | $2,188 (±$1,106) | Not measurably different |
| Alexander | 18 mi | $1,344 (±$1,031) | Not measurably different |
| Truax Township | 22 mi | $4,000 or more | — |
| Stony Creek Township | 23 mi | $3,223 (±$180) | Higher |
| Tri Township | 24 mi | $2,778 (±$484) | Not measurably different |
Nearby places with a measurably higher figure: Stony Creek Township, ND ($3,223).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across McKenzie County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Tri Township | $2,778 (±$484) |
| 2 | Watford City | $2,369 (±$332) |
| 3 | Arnegard | $2,188 (±$1,106) |
| 4 | Yellowstone Township | $1,719 (±$800) |
| 5 | Alexander | $1,344 (±$1,031) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Watford City
What is the average mortgage payment in Watford City?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Watford City, ND is $2,369 (±$332) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Watford City?
Owners without a mortgage in Watford City pay a median of $499 (±$203) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Watford City gone up?
In Watford City, the median monthly cost with a mortgage went from $1,505 in 2015–2019 to $2,369 in 2020–2024 (+57.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Watford City city, North Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Watford City city, North Dakota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Watford City city, North Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Watford City city, North Dakota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Watford City city, North Dakota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Watford City city, North Dakota (place:83860, in state:38).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Vacancy rate in Watford City
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- Population growth in Watford City
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- North Dakota landlord and tenant rules
- Housing across McKenzie County
- Housing data for every place in North Dakota